, Underwood, MN 56586 (MLS# 6747767)
$349,900
MLS# 6747767
Status: Closed
3 beds | 2 baths
1 / 55
Property Description
Rare investment opportunity just north of Underwoodâfirst time available in decades. This income producing property includes six 3 bedroom, 2 bathroom units across three side-by side duplexes, all situated on 4 acres with room to expand. Proven rental history with long-term tenants and solid occupancy. Strong cash flow potential in this private rural setting. Donât miss your chance to acquire a turnkey multi unit asset with immediate income and long-term upside.
Details
Contract Information
Status: Closed
Off Market Date: 2025-07-11
Current Price: 349900
Closed Date: 2025-08-15
Sales Close Price: 349900
Contingency: None
ListPrice: 349900
List Date: 2025-07-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Waterfront YN: No
Year Built: 1974
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bedrooms: 3
Baths Total: 2
Foundation Size: 4320
Power Company: Lake Region Electric Co-op
For Sale or Lease: For Sale
Acres: 4.1
Lot Dimensions: 280x630
Assessment Pending: No
Location Tax and Other Information
Postal City: Underwood
County: Otter Tail
State: MN
Zip Code: 56586
Assessments
Tax With Assessments: 4854
Building Information
Building Finished SqFt: 4320
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: GLAR
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 41
Section#: 1
Township#: 133
Sale Options
Sale Includes: Leases
Unit 1
Unit Number: 1-6
Monthly Rent: 500
Full Baths: 1
Three-Quarter Baths: 1
Total Bathrooms: 2
Total Bedrooms: 3
Level: Below Ground
Unit Total SqFt: 4320
Leased?: Yes
Lease Expiration Date: 2025-07-31
Unit 3
No. of 3 Bedroom Units: 6
Unit Details
Total Units: 6
Property Features
Accessible: None
Air Conditioning: None
Amenities Shared: None
Basement: Partially Finished
CMU Style: Duplex Side by Side
Construction Materials: Frame
Construction Status: Previously Owned
Current Use: Residential
Exterior: Vinyl
Financing Terms: Conventional
Foundation: Other
Fuel: Electric
Heating: Baseboard
Loan Terms: Cash; Conventional
Lock Box Type: SentriLock
On Site Utilities: Electric Separate; Hot Water Common
Owner Pays: Exterior Maintenance; Insurance; Lawn; Lawn; Other; Repairs; Roof Maintenance; Snow Removal; Trash Collection; Water
Parking Characteristics: Unassigned
Potential Use: Income; Other
Rent Rate per Foot: Per Month
Road Frontage: Township
Road Responsibility: Public Maintained Road
Roof: Architectural Shingle
Sewer: Private Sewer; Tank with Drainage Field
Stories: One
Tenant Pays: Trash Collection
Topography: Level
Water: Drilled; Well
Listing Office: Keller Williams Realty Professionals
Last Updated: August - 16 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Sunday 16th of August 2026 02:17 PM
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